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TimStuyts

AUDJPY more downside, THEN major reversal

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Australiensisk dollar/Japansk yen (FX:AUDJPY)  
TimStuyts Uppdaterad   
FX:AUDJPY   Australiensisk dollar/Japansk yen
7
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AUDJPY is comparable to EURJPY and USDJPY for that matter. However short term we have to deal with strong bearish movements that will present sell opportunities on lower time frames after a consolidation. The wave count is indicative (orange) but for now this is my preferred scenario. Updates will follow for trade set-ups on lower time frames.

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Short term trade opportunity
snapshot

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